HINDZINC | Rectangular Consolidation | Breakout | Daily

Here’s a detailed **technical summary and analysis** of the Hindustan Zinc Ltd. (HINDZINC) chart you shared:

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### **Chart Pattern & Setup:**

✅ **Rectangular Consolidation / Range Breakout:**

* The stock has been trading within a range (rectangle) from approximately **378.15 (low)** to **479.00 (resistance)** for several months (since December 2024).
* This consolidation pattern signifies **accumulation**.

✅ **Breakout:**

* Price action has decisively broken out of the **rectangle’s upper boundary at 479.00 INR**.
* **Current price:** 491.60 INR, showing bullish momentum.

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### **Measured Move & Target:**

* The height of the range (rectangle) is **93.35 INR** (24.26% move).
* **Target Calculation:**
$\text{Breakout Level (479)} + \text{Height (93.35)} = \approx \textbf{570.25 INR}$.
* Immediate resistance level is around 570-575 INR.

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### **Volume Analysis:**

✅ A **significant spike in volume** confirms the breakout, validating the buying interest.

✅ The **Volume MA line** is also trending up, showing sustained interest.

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### **Key Levels:**

* **Resistance (Breakout level):** 479.00 INR
* **Target:** 570.25 INR
* **Current Price:** 491.60 INR
* **Immediate support:** 479.00 INR
* **Low support:** 378.15 INR

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### **Conclusion & Trade Idea:**

This breakout from a **rectangle consolidation** is a strong bullish signal, especially with the volume confirmation. If the price sustains above 479 INR, the next likely target is **570-575 INR**.

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